New Member Intro and Hoping To Get Some Advice

[Kelly Simpson]

Hi Bigger pockets! Longtime lurker and reader but finally taking action on my first post!

Was hoping to get some help and advice from the community here.

Goal:

To buy and hold properties, ideally with the BRRRR strategy.

House hack with a multi-family if possible or room hack a nice size single family.

If there is something else I'm not aware of, totally open to that as well.

Here is my current situation:

Flying into Detroit in January (not restricted to that city, I can move anywhere).

Self-employed working online for the past year. Making anywhere from 1.5k - 5.5k per month. (working on increasing this)

Spending about 1k a month and saving everything else.

Have about 70k total saved no debt. (5k roth IRA, 21k Target date fund and the rest is in checking/savings accounts.)

Credit Score is 792 (No missed/late payments solely credit cards no loan history) Available credit is 28k.

Single no wife/kids

Experience:

No direct experience but I helped my father with his California rentals growing up (tenant screening, some light to medium repairs all in B areas)

I feel like I'm in a bit of a paralysis by analysis stage.

Should I save up more money and come back in a year or so?

Do I have a shot at some financing options?

Is there a certain strategy/niche you would recommend focusing on?

If you made it this far thank you for reading and I would love to hear your insight.

[Tyler Gibson]

@Kelly Simpson Congrats on taking this action. Welcome! I would think that you are in a pretty good position. As for financing options I would think you have some but I'm not a mortgage broker. Have you talked to one yet? If not you should. Decide on what you are going to do first. I would suggest FHA and house hack of some variety. If you can live anywhere pick a market you like and move there. I'm partial to Florida but I live here so what can I say.